Show MILLIONS TOGOlLEGE Deed of Grant and Gift for Stanford University GRANTS ARE CONFIRMATORY Mrs Stanford Hns Now Made the Memorial to Her Son One of the Richest Institutions i the World Her Gifts Aro the Equivalent of Over TwentyFive Million Dollars With All This She Hns Not Impoverished Im-poverished Her f but Still Re tins Several Millions for Herself San Francisco Dec 9Mrs Jano L Stanford today executed and delivered to the board of trustees of tho Loland Stanford Junior university two deeds of grant and ono deed of gift One of tho deeds of grant covers all of tho real estate heretofore Given to tho university including the university campus of about IXXiti acres The other deed of grant covers cov-ers tho Stanford residence upon California Califor-nia street which Is eventually to bo used for educational purposes Tho deed of gift covers bonds und blocks heretofore piven and certain securities not included In former grants HOW GRANTS ARE MADE Tho grants arc largely confirmatory in character and arc made under tho provisions pro-visions of the Stanford university constitutional con-stitutional amendment which legalized grants and gifts mndo to tho university This amendment was adopted In order to set at rest any question au to the validity of the original endowment and to prevent legal technicalities from Interfering with future donations to this great educational Institution which was founded by Mr and Mrs Stanford as a memorial to their only son Tho deeds delivered today practically cover tho grants made In the original endowment which howovor Is more than doubled In value chlelly owing to the remarkable business ability displayed by Mrs Sanford In tho management of the vest Internets left In her charge by the death of her husbaud WHAT SUB CONVEYS By these grants she has conveyed to tho Leland Stanford Junior university for tho benefit of the people of California about eighteen millions In stocks and bonds and ten to twelve millions In real estate including the university buildings and equipment All of tho bonds are Ilrst mortgages and the stocks with scarcely an exception are what are known as gilt edge securities TRUSTEES RECEIVE PROPERTY Mr F F Llcb of San Jose president of the board of trustees received the deeds on behalf of the board and also took formal possession of the bonds and other personal 1 property Messrs Charles G Lathrop Joseph D Grant and Timothy Tim-othy Hopkins resident trustees woro also present The legal features of tho donation were conducted by Mrs Stan fcrds attorneys Crothors Crothors HAS MILLIONS LEFT Notwithstanding that sho has now Given tho equivalent of over 23000000 to the Leland Stanford Junior university making It ono of Ihc t richest Institutions of the kind In tho world Mrs Stanford has not Impoverished herself but Is understood un-derstood to still retain several millions for her personal use and to provide for tho various members of her family It Is believed that the amount of her endowment en-dowment to tho university which she aided In founding exceeds In amount any similar gift In history |